Chart Review 9/23/11 (SPY @ 112.86 before market open) - the ugliness continues.

Selected Chart Analysis:

Market Indexes (with yesterday's change and % change):

SPY    112.86          -3.77     -3.34% (short since 129, 14% open profit)

DJI      10,733.83  -391.01     -3.64%

ETFs with the lowest % risk (closest to stop loss point):

ishares 1-3 short  at 84.59.  BS @  84.74.  0.2% risk.

SPDR consumer staples long  at 29.44.  SS @  29.14.  1% risk.

UltraShort Health Care short  at 26.99.  BS @  27.4.  1.5% risk.

SPDR Consumer Discretionary long  at 35.2.  SS @  34.63.  1.6% risk.

Gold Shares Trust long  at 169.05.  SS @  165.88.  1.9% risk.

Dollar ETF long  at 22.26.  SS @  21.5.  3.5% risk.

SPDR technology long  at 23.73.  SS @  22.91.  3.6% risk.

SPDR utility long  at 33.08.  SS @  31.91.  3.7% risk.

ishares 7-10+ Treas Bond Fund long  at 106.41.  SS @  102.38.  3.9% risk.

Euro ETF short  at 134.24.  BS @  141.  5% risk.

Japan iShares short  at 9.31.  BS @  9.91.  6.4% risk.

UltraShort Consumer Services short  at 20.71.  BS @  22.1.  6.7% risk.

iShares Canada short  at 25.64.  BS @  27.5.  7.3% risk.

Swiss Helvetica short  at 11.01.  BS @  11.93.  8.4% risk.

Proshares Short Dow 30 long  at 45.36.  SS @  41.81.  8.5% risk.

Templeton Global Income Fund short  at 9.92.  BS @  10.82.  9.1% risk.

SPY short  at 112.86.  BS @  123.51.  9.4% risk.

iShares China short  at 31.53.  BS @  35.  11% risk.

UltraShort Technology       short  at 62.33.  BS @  69.36.  11.3% risk.

iShares Germany short  at 17.52.  BS @  19.5.  11.3% risk.

iShares Hong Kong short  at 14.95.  BS @  16.7.  11.7% risk.

BP short  at 35.73.  BS @  39.95.  11.8% risk.

ishares 20+ Treas Bond Fund long  at 123.12.  SS @  110.  11.9% risk.

Swiss Franc ETF short  at 108.9.  BS @  122.  12% risk.

Greatest % Declining ETFs:

Russia ETF     RSX    25.99   -2.99   -11.50%

Templeton Dragon Fund        TDF    23.25   -1.97   -8.47%

iShares Latin America ILF      38.71   -2.74   -7.08%

iShares China  FXI     31.53   -2.14   -6.79%

Templeton Emerging Markets EMF    17.01   -1.12   -6.58%

Solar Energy ETF       TAN    3.56     -0.23   -6.46%

Oil       OIL     20.24   -1.27   -6.27%

SPDR energy  XLE    59.34   -3.55   -5.98%

SPDR materials select XLB    30.29   -1.80   -5.94%

iShares Canada           EWC   25.64   -1.44   -5.62%

Thai Fund       TTF    12.32   -0.54   -4.38%

iShares Germany        EWG   17.52   -0.75   -4.28%

SPDR homebuilders    XHB   13.26   -0.55   -4.15%

iShares Hong Kong     EWH   14.95   -0.62   -4.15%

iShares Malaysia         EWM  12.10   -0.48   -3.97%

SPDR industrial select XLI     29.01   -1.13   -3.90%

iShares Singapore       EWS   11.07   -0.37   -3.34%

SPY    SPY    112.86 -3.77   -3.34%

Greatest % Increasing ETFs:

UltraShort Basic Materials      SMN   26.39   2.95     11.18%

Proshares Ultrashort China     FXP    44.20   4.61     10.43%

UltraShort Oil & Gas  DUG   39.23   3.85     9.81%

VXX   VXX   49.84   4.63     9.29%

UltraShort Health Care           RXD   26.99   2.18     8.08%

UltraShort Industrials  SIJ      62.91   4.46     7.09%

UltraShort Consumer Services           SCC    20.71   1.26     6.08%

UltraShort Technology           REW   62.33   3.71     5.95%

Proshares Ultrashort S&P 500           SDS    25.73   1.47     5.71%

UltraShort Financials   SKF    88.06   4.80     5.45%

UltraShort Semiconductors     SSG    57.81   3.15     5.45%

UltraShort Consumer Goods   SZK    26.20   1.30     4.96%

UltraShort Real Estate            SRS     17.25   0.79     4.58%

ishares 20+ Treas Bond Fund TLT    123.12 4.46     3.62%

Proshares Short Dow 30        DOG   45.36   1.52     3.35%

Dollar ETF      UUP    22.26   0.23     1.03%

ishares 7-10+ Treas Bond Fund         IEF      106.41 0.98     0.92%

ishares 1-3      SHY    84.59   0.01     0.01%

SPY Update: Sell, baby, sell!

22 Sep 2011 @ 1240 EST

After 8 years of "the MBA president" we now have had a year of the Tea Party Congress.  Just as word comes out that yet another government shutdown threat is on the horizon, the market is plunging.  Those of us who are adequately hedged or in cash can smile, but the real economy is tanking.  We just can't wait until 2012 to vote the Tea Party out of office (and if they are voted back in, then we are truly lost).